Trade – Investment

The 45-MW Phuoc Ninh solar power plant was officially inaugurated in Thuan Nam district in south-central Ninh Thuan province on June 22nd.

Two Vietnamese companies were granted transaction codes by the Chinese General Administration of Customs (GAC) on June 22nd to export their dairy products to China.

Customs procedures have been completed at the Narita Airport (Japan) for the first batch of litchi exported to Japan. The fruits are waiting for distribution on the supermarket system, the Plant Protection Department has reported.

National flag carrier Vietnam Airlines on June 22nd officially launched three new air routes from the Mekong Delta city of Can Tho.

The cost of upgrading degraded tunnels and important infrastructure along the Vinh-Nha Trang railway track is expected to be up to VND1.8 trillion (USD77.4 million).

The nation posted a trade surplus of USD170 million during the first half of June, bringing the figure recorded from the beginning of the year to mid-June to USD3.75 billion, according to the latest initial statistics released by the General Department of Customs.

Despite being severely impacted by COVID-19, the northern province of Phu Tho will still attempt to meet targets set for 2020 rather than making adjustments.

Industrial parks in Dong Nai province in the gateway of the southern key economic zone have been preparing for an influx of foreign direct investment (FDI).

The Vietbuild International Exhibition with the theme Construction – Building materials – Real Estate – Interior and Exterior Decoration will be held in Ho Chi Minh City from June 24th to 28th.

Foreign direct investment (FDI) into electronics should aim to promote local companies and enable them to engage in the global value chain, industry insiders have said.

Vietnam and New Zealand are eyeing 1.7 billion USD in two-way trade this year.

The first batch of Vietnamese “Golden Lychee” which distinguishes itself from other varieties with yellowish skin and fresh sweetness has arrived in Australia and hit shelves in West Australia and South Australia.

Twenty-one Vietnamese agricultural, food and beverage businesses have introduced to China’s Shandong province’s 39 importers a lot of high quality products during a recently held online conference, co-organised by the Vietnamese Ministry of Industry and Trade and the Shandong Promotion of International Trade (CCPIT).

The first ton of fresh litchi from the northern province of Bac Giang was exported to Japan by air, Tran Quang Tan, Director of the provincial Department of Industry and Trade, said on June 19th.

The European Union (EU) will eliminate tariffs on fresh and frozen Vietnamese tuna products as soon as the EU - Vietnam Free Trade Agreement (EVFTA) comes into effect, with a quota of 11,500 tonnes annually for canned tuna.

Vietnam's shrimp exports to Canada in the first four months of this year recorded double-digit growth, a positive figure in the context of declining export turnover for many commodities due to the impact of the COVID-19 pandemic.

The Russian Federal Agency for Veterinary Surveillance and Quarantine, authorized by countries in the Eurasian Economic Union (EAEU) on June 15th officially announced its permission for the Vietnam Dairy Products Joint Stock Company (Vinamilk) to export dairy products to EAEU territory.

With Japanese experts completing their quarantine period on June 17th in line with regulations regarding novel coronavirus (COVID-19) prevention and control, the group is expected to inspect batches of fresh lychees that are destined to be exported to the Japanese market in the near future.

The Ministry of Agriculture and Rural Development (MARD) has been consistent with its agricultural, forestry and fisheries export target of over USD41 billion in 2020, despite the difficulties caused by COVID-19.

In the first 5 months of the year, despite the complex development of COVID-19, the southern province of Dong Nai attracted nearly USD15.4 trillion in domestic investment, a year-on-year increase of over 29%, the provincial Department of Planning and Investment has said.

A trade promotion event was organized by Lotte Mart and the Vietnamese Embassy in the Republic of Korea (RoK) in Seoul on June 16th to introduce Vietnamese bananas to Lotte supermarket chain across the RoK, according to Radio The Voice of Vietnam

The Vietnam - Korea Business and Investment Association (VKBIA) organized a ceremony to launch VKBIA office in Vietnam on June 12th.

Vietnam witnessed a sudden rise in the export of rice and medical masks during the first five months of the year, according to statistics released by the General Department of Vietnam Customs.

China imports litchi mainly from Vietnam and Thailand, with the amount of litchi imported from Vietnam accounting for 98.6%. It is forecast that the import will increase sharply in the coming time, at the main harvesting season.

Vietnam produced trade surplus worth roughly USD1 billion in May, thus raising the country’s five-month surplus to over USD3.5 billion, the General Department of Customs reported.

The EU-Vietnam Free Trade Agreement is a good opportunity for Indian investors, in Vietnam, Vietnamese Ambassador to India Nguyen Sanh Chau said at an online conference on June 12th.

The north central province of Thanh Hoa signed memorandum of understanda on 15 projects worth 12.5 billion USD during an investment promotion conference on June 12th.

Vietnam’s crab exports were worth 44.5 million USD in the first four months of this year, a 40 percent year-on-year increase, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has completed plans for the construction of four liquefied natural gas (LNG)-fired power plants.

The World Bank (WB) in Vietnam and the People’s Committee of south-central Phu Yen province have signed a Memorandum of Understanding establishing a partnership for strategic engagements.